WASHINGTON (12/4/15)--The U.S. Senate and House voted Thursday in favor of the highway funding bill, which contains credit union regulatory relief provisions. The Senate passed the bill 83-16, and the House by a vote of 359-65. The votes clear the way for President Barack Obama’s signature, which is... More
The White House threatened to veto two bills on Tuesday – one that would mandate new cost-benefit requirements on the Federal Reserve and the other to allow loans held in portfolio to qualify as a "qualified mortgage."
The Fed bill, called the Fed Oversight Reform and Modernization Act, would... More
(From CUNA's News Now, Nov. 4)
As a bill to give federal savings associations rights and duties equal with national banks passed a U.S. House committee, a series of lawmakers said Congress should also focus on relief for credit unions, which have a superior safety and soundness record.
The House Financial... More
House Financial Services Committee Vice Chairman Gary Miller (R-Calif.) introduced long anticipated legislation today, H.R. 2572, that would provide regulatory relief for credit unions and community banks.
Miller's bill focuses on credit unions and topics discussed within its section range from such... More
Credit Union National Association President/CEO Bill Cheney Friday commended Rep. Blaine Luetkemeyer (R-Mo.) for introducing legislation that would address several regulatory burdens facing credit unions and community banks.
"This legislation is a good first step toward providing regulatory relief,... More
The overwhelming regulatory burden, and the difficulty of raising capital, have made it more difficult for her credit union to reach out effectively to the Hispanic community in her area, the Credit Union National Association's witness told a hearing today on providing credit unions with regulatory... More
The House Financial Services subcommittee on financial institutions and consumer credit Wednesday conducted a "state of the community banking industry" hearing that looked into the causes of the 414 bank failures that occurred from 2008 through 2011.
Congress has not required any similar study... More
The Credit Union National Association expects to testify at an April 10 House Financial Services financial institutions and consumer credit subcommittee hearing on the regulatory burdens facing credit unions.
The credit union hearing, which is part of a 2013 series to study, in part, the impact of the... More